The problem is Samsung's 14nm process is actually about 1.9 times the density, and that is a theoretical best case. As transistors get smaller you have to be more and more careful with layout to avoid interference and thermal issues. Then there is the fact that simply doubling cores or clock doesn't double performance.
the whole 2560 shader specification is still a rumour, as are clock speeds. One can look at the power and clock speed advantages 14/16nm has and you can see that a 380X scaled just wont make sense in speed-thermal envelope Samsung are suggesting. 1600MHz clocks is a 60% increase over the 290x which will result in similar power consumption, minus any architectural improvements. Architectural improvements are typically in the order of about 10-205% per generation.
Then there is the fact that AMD are starting out at a far worse performance per watt starting point.They have a lot of ground to make up:
http://www.techpowerup.com/reviews/NVIDIA/GeForce_GTX_1080/27.html
AMD"s most recent press releases talk about Polaris having twice the performance er watt as 290x/390x. That will put performance per watt 25% behind pascal, and that is best case scenario since it is AMD marketing figures.
The Polaris will be a big step up in performance and efficiency but I don't think it will catch up with Pascal. that isn;t a big dal, they can trade performance for power and price the card right it will sell very well.